Seasonally adjusted housing prices rose by 1.1 % in December from November, Real Estate Norway said, above a central bank forecast of 0.8-0.9 % as low interest rates, easy access to credit and population growth drove demand.
US builders boosted spending on construction projects for a second straight month in November, pushing activity to the highest level in more than a decade.
Australian home prices boasted their biggest increase last year since 2009 as December ended on a high note for the red-hot markets of Sydney and Melbourne.
Vancouver-area home sales, hit by a tax on foreign buyers, fell for the fifth month in a row in December, dropping nearly 40 percent compared to the same month a year earlier and down almost 23 percent from November, data released on Wednesday showed.
Argentina's real estate sector is preparing for a development boom spurred by a successful tax amnesty program and an expected revival in mortgage lending, potentially prompting a rebound in construction jobs and boosting bank loans.
Settlement of cross-border tax issues, especially transfer pricing, will be easier under the amended India-Singapore tax treaty. Bilateral advance pricing agreements (APAs) and settlement between competent authorities of the two countries of complex and contentious tax issues under the Mutual Agreement Procedure (MAP) route is now possible. This has been introduced under the third protocol to the India-Singapore tax treaty, which was recently signed.
Aruba, one of the few Caribbean islands generally considered outside the hurricane belt, has struggled to recover from the global real estate crisis of 2008, when home prices fell anywhere from 15 percent to 40 percent, though there have been some gains in recent years, agents said.
Growth momentum in office absorption, witnessed over the last two years, is expected to continue in 2017 too. India’s top 8 property markets are likely to witness 10% surge in office space net absorption in 2017 to 32.5 million sq ft, the highest level seen over the last six years, said a Cushman & Wakefield report.
Growing incomes and a falling unemployment rate in every year since 2010, combined with historically low mortgage rates, are enabling more Lithuanians to purchase homes, real estate agents said. The country’s adoption of the euro in 2015 and regional turmoil have caused only temporary slowdowns, agents said.
U.S. homebuilders' confidence soared this month to the highest level in 11 years, reflecting heightened expectations of better sales now and well into 2017.
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